Savings Accounts

Share Savings Account

We would love for you to be a part of our WEPCO Family! If you live, work, worship, or attend school in Allegany or Garrett Counties in Maryland or Mineral, Preston, or Tucker Counties in West Virginia, you are eligible to join!

To begin your membership at WEPCO Federal Credit Union, you must deposit and maintain a $5.00 balance in this account.

As the primary member on a share savings, you are encouraged to take advantage of all our other savings, investment options, and eServices! Plus, as a member, you can apply for any of the loan products we offer. Finally, you will have voting rights each year for the election of our Board members at our annual membership meeting.

Dividend rates are determined by our Board of Directors. Please check our Savings Rates to determine which rate applies and additional terms and conditions.

With WEPCO PAL Plus Online Account Access, you can quickly, easily, and securely view your statement online 24/7. They are available quarterly, unless you have a checking account, or ACH (auto payments or deposits) transactions, in which case, they are available monthly.

Accounts for Children

Early Savers Account

It’s never too early to start an account for the children in your life.  We make saving fun and easy with our Early Savers Account!  To join, your child must live, worship, or attend school in Allegany or Garrett Counties in Maryland or Mineral, Preston, or Tucker Counties in West Virginia. 

When beginning your child’s membership at WEPCO Federal Credit Union, you must deposit and maintain their credit union membership with a $5.00 balance.  For a child who is one year old or less, or adopted within the year, we’ll start their membership by making their first deposit of $10!  Note that this account will turn into a Share Savings Account when the child turns 12 years of age.

This account includes access to our Dollar Dog Kids Club that includes the following Dollar Dog Member Extras!

  • An Official Membership Card
  • A Punch Card to Earn Great Prizes and Money!
  • Online Fun at the Dollar Dog’s Clubhouse
  • Prizes*
  • Contests
  • Celebrations or Special Events
  • A child who is one year old or less, or adopted within the year will also receive a WEPCO stuffed dog and their name and birth month/year in our quarterly Bottomline newsletter.

Accounts with Purpose

Special Savings Account

For our members who like to put aside money for a specific reason without restriction, we have the special savings account. Save for whatever purpose you’d like, such as insurance, taxes, tires, or other bills.

There is no minimum deposit or balance requirements to open.

Christmas Club

A WEPCO Christmas Club is a little different than most. There are no coupon books and no scheduled monthly deposits required. Simply deposit what you want, when you want.

On October 1 every year, your Christmas Club will mature, and your funds will be automatically transferred on that date to your checking account* so you can begin your Christmas Shopping!  

For more convenience, add a payroll deduction to your Christmas Club from your direct deposit to make it even easier!  There is no minimum deposit or balance requirements to open.

*You can set up the transfer to another share type upon request.

Special Purpose Savings

Just like a WEPCO Christmas Club, we have a Special Purpose Savings account to help you save for a vacation or special purpose. For those of us that find it hard to save, we added a “restriction” to secure the funds for your purpose only! As long as the funds remain in the account until maturity, no fee will be imposed, so you are in control! You set the time frame and maturity date for when you want the funds transferred!

For more convenience, add a payroll deduction to this account from your direct deposit to make saving even easier! There is no minimum deposit or balance requirements to open.

Please check our Savings Rates to determine if a rate applies based on the balance in the account. Dividends are determined by our board of directors, posted quarterly and are subject to change.

Federally Insured
All shares are federally insured by the National Credit Union Administration (NCUA) for up to $250,000. The following documents or websites have more information: How Your Accounts Are Federally Insured, or Share Insurance Coverage.

Important Information about Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. There are ID requirements when opening an account with us, as well as when any other accounts are added. We use the Acceptable ID List provided by I-9 Form. You may also refer to the US Patriot Act.